China kept its heavy rare earth exports to Japan closed in June, reports Reuters. This was reported by Qazaqyia.kz citing Reuters.
China's decision comes amid escalating trade restrictions on rare earth metals. Heavy rare earth metals are widely used in high-tech industries, including electronics and defense. Japan is one of the major importers of these metals.
According to Reuters, China's export restrictions could impact global supply chains. This situation further intensifies tensions in the rare earth metals market.